06.02.05 | TRANSFIRST Names Paul Oswald Vice President of Business Development for Its Independent Sales Service Division

DALLAS (June 2, 2005) – Dallas-based TRANSFIRST, a leading provider of transaction processing services and payment enabling technologies, today announced that Paul Oswald has been named vice president of business development for its Independent Sales Services division. In this position, Oswald, who has 15 years of experience in the financial services industry, will help lead the company's business growth and development with independent sales organizations and agents. His primary responsibilities will be to develop new business relationships, increase market share for TRANSFIRST's products and services and assist independent sales organizations and sales agents in customizing merchant processing programs.

"We are continuing to see growth and expansion in our Independent Sales Services division, and we remain committed to providing leading industry expertise and full-time support to our independent sales customers," said Andrew Phillips, president of TRANSFIRST's Independent Sales Services division. "Paul brings extensive industry background and leadership to our team and will be a tremendous asset to our company and our clients."
A graduate of the University of Kansas, Oswald has held executive sales management positions with CardSystems, Nova Information Systems, CardService International, Unified Merchant Services, Brown Foreman Enterprises and American Express.

"By offering new market opportunities and industry-leading solutions, TRANSFIRST is able to help independent sales organizations and agents grow their business and enhance their bottom line," said Ryan O'Connor, president of business development for TRANSFIRST's Independent Sales Services division. "The addition of Paul's experience and industry insight strengthens our expertise in delivering these new market and product opportunities to our ISO and agent partners."

About TRANSFIRST
A premier provider of transaction processing services and payment enabling technologies, TRANSFIRST offers a first-rate suite of products and services and customized processing programs uniquely tailored for the special business needs of financial institutions, independent sales organizations and agents and its referral and reseller partners. Through its in-depth industry knowledge, partnership strategy and innovative solutions, TRANSFIRST provides a specialized approach to transaction processing for healthcare providers, public entities, online and other non-traditional merchants, as well as brick and mortar retailers. Founded in 1995, TRANSFIRST is a market leader in strategic mergers and acquisitions, which has allowed the company to gain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TRANSFIRST is headquartered in Dallas, Texas, and has operations facilities in Louisville, Colo., Omaha, Neb., Kansas City, Kan., Newport Beach, Calif., Milwaukee, Wis. and Langhorne, Penn. TRANSFIRST was recapitalized in 2000 by GTCR Golder Rauner LLC, a leading private equity investment firm. Company wide, TRANSFIRST currently processes approximately $20 billion in annual sales volume for more than 150,000 merchants and more than 760 financial institutions. TRANSFIRST can be reached at 1-888-254-4137 or at www.TRANSFIRST.com.